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The world's biggest food group Nestle said on Thursday it was selling its Jenny Craig weight management businesses in North America and Oceania to private equity firm North Castle Partners for an undisclosed sum.
Halloween candy sales are projected to top $2.3 billion, up 1 percent from last year.
Many companies continue to pick up the tab for CEOs' spouses who accompany them on business trips. USA Today reports.
"We end up buying things that had been disappointing for others," says Oakmark's Bill Nygren.
European equities closed narrowly higher on Thursday, with investors underwhelmed by U.S. lawmakers finally reaching a deal to lift the country's borrowing limit.
The short-term fix to the U.S. debt ceiling is a "starting condition" for Nestle's continued growth in America, the company's CEO told CNBC on Thursday.
Paul Bulcke, CEO of Nestle, explains that the group expects to achieve its guidance due to a combination of "real internal growth" and "softening" prices.
Nestle said still-weak emerging market demand and falling prices for its products in Europe slowed underlying sales growth to 4.4 percent in the first nine months of the year.
The food industry is facing a backlash against high sugar content on the same scale as the one experienced by the tobacco industry.
If the best time to buy is when there is bloodshed, then Pakistan's commercial capital offers the ideal investment opportunity. The NYT reports.
Chocoholics face higher prices for their sweet treats as candy makers deal with higher prices for cocoa butter.
Google, which is known for nick-naming its mobile operating systems after desserts, has for the first time chosen a brand-name candy for its 4.4 version that's expected to launch this fall.
L'Oreal's rumored buyback of Nestle's 29.5 percent stake in the French cosmetics giant looked far from a done deal on Friday, with Jean-Paul Agon, chairman and CEO of L'Oreal, telling CNBC that the ball was in the Swiss food giant's court.
Jean-Paul Agon, chairman & CEO of L'Oréal, tells CNBC that it's not their decision whether to buy the Nestle stake in L'Oréal as Nestle must decide if it wants to sell it.
Nestlé and Unilever will soon be able to see what’s going on in any tropical forests in real-time, down to 1 meter. Is this the "good side" of the surveillance state?
The global coffee market has been rather decaffeinated for the past couple of years, with prices falling to less than half their 2011 peak and the bean becoming the worst-performing soft commodity last year.
European shares closed higher on Thursday following better-than-expected trade numbers from China, signaling tentative signs of an economic recovery.
Underlying sales at Nestle grew 4.1 percent in the first half, missing forecasts and lagging growth of rivals Danone and Unilever, as price erosion continued in Europe.
Jon Cox, head of Swiss research at Kepler Cheuvreux, tells CNBC that the problem for Nestle is the deceleration in emerging markets.
China fined six companies including New Zealand dairy giant Fonterra a total of $110 million following an investigation into price fixing and anti-competitive practices by foreign baby formula makers.